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Polenergia and Equinor finalise CTVs for Baltyk 2 and 3 wind farms

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Polenergia and Equinor Wind Power have finalized charter agreements for crew transfer vessels (CTVs) to support the construction of the Baltyk 2 and Baltyk 3 offshore wind farms in the Polish Baltic Sea, each with a capacity of 720 MW. Project companies MFW Bałtyk II and MFW Bałtyk III, formed by the two firms, are overseeing these agreements. For each project, two CTVs have been contracted: one with UK-based Njord Offshore and the other with…

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Doosan Enerbility, SGRE and Equinor sign MoU for South Korean wind farm

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Doosan Enerbility has entered into a memorandum of understanding (MoU) with Siemens Gamesa Renewable Energy (SGRE) and Equinor to collaborate on the 750MW Bandibuli floating offshore wind farm project off the coast of Ulsan, South Korea.   The project, led by Equinor, will deploy Siemens Gamesa’s 15MW large-size wind turbines, while Doosan Enerbility will assemble nacelles at its Changwon wind turbine facility. Doosan Enerbility, which started its offshore wind business in 2005, is the only company…

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Scatec ASA’s Egypt Green Hydrogen project secures €30 million grant

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Scatec ASA’s Egypt Green Hydrogen project has signed an agreement with the PtX Development Fund, securing a €30 million grant to support the project, which has a total capital expenditure of approximately €500 million. The PtX Development Fund, created by the German Federal Ministry for Economic Cooperation and Development and KfW, aims to promote Power-to-X projects in developing and emerging countries. This funding will contribute to Scatec’s green hydrogen production efforts, aligning with the fund’s…

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Norway proposes $3.29bn subsidy for 2025 floating wind tender

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On 7 October, the Norwegian government announced a proposal to provide up to Nkr35 billion ($3.29 billion) in subsidies for its planned floating wind tender in 2025. The funding, based on a 500 MW reference project, is intended to support the development of floating offshore wind, a key growth area for Norway’s renewable energy sector. The tender will be Norway’s first commercial floating wind round, with the country targeting 30 GW of offshore wind capacity…

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Equinor and Polenergia engage consortium for design and permits of Baltyk 1 wind farm

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Norway’s Equinor and Polish utility Polenergia have contracted a consortium comprising Ramboll and Projmors to provide consultancy services for the design and construction permits for their up-to-1.56 GW Baltyk 1 offshore wind farm. Located 81 km offshore Poland, Baltyk 1 is preparing for participation in a 2025 auction. The consortium will focus on achieving ready-to-build status for the project, leveraging Ramboll’s expertise in engineering and consulting and Projmors’ hydrotechnical design experience crucial for offshore wind…

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Equinor acquires 9.8% stake in Ørsted, becoming second-largest shareholder

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Norwegian energy giant Equinor has acquired a 9.8% stake in Danish renewable energy company Ørsted, valued at $2.5 billion. This transaction, involving 41,197,344 shares, makes Equinor Ørsted’s second-largest shareholder. Equinor plans to increase its stake to 10%, pending regulatory approvals but does not intend to grow the stake further. Ørsted, with a renewable generation capacity of 10.4GW, is developing offshore wind projects totalling 7GW and aims to achieve a capacity of 35-38GW by 2030. Equinor…

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Equinor, Polenergia secure permits for 1.44 GW Baltyk offshore wind projects in Poland

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Norway’s Equinor and Polish power utility Polenergia have received crucial construction permits for the Baltyk 2 and Baltyk 3 offshore wind projects in the Baltic Sea. These permits, granted by the Pomeranian Voivodeship in northwest Poland, are pivotal for making the final investment decision and commencing construction. The permits cover a wide range of infrastructure, including 100 wind turbines, internal power and telecommunications networks, two offshore power stations, submarine export cables, and two onshore power…